Capitalism and Communism

Scottish Professor who believed that the successful market economy is based on competition.

• Adam Smith
• Bourgeoisie
• Capital
• Capitalism

The capitalist class who own most of society's wealth and means of production.

• Adam Smith
• Bourgeoisie
• Capital
• Capitalism

Wealth in the form of money or other assets owned by a person or organization.

• Adam Smith
• Bourgeoisie
• Capital
• Capitalism

An economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate.

• Capitalism
• Free enterprise system
• Karl Marx
• Law of competition

Workers or working class people.

• Laissez-faire
• Law of supply and demand
• Proletariat
• Socialism

______________get to make the economic decisions under capitalism.

• Individuals
• Government
• Literally no one
• The President 

Which of the following is NOT a good?

• A basketball
• A pair of shoes
• Teaching 
• PS4

Which is NOT a characteristic of Capitalism?

• Market Economy
• Supply and Demand
• Freedom of Competition
• Classless Society

This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.

• Socialism
• Communism
• Mixed Market Economy 
• Capitalism 

The United States is an example of what economic systems? 

• Capitalism
• Socialism 
• Mixed Economy 
• Communism